Nvidia Stock Hit New All-time High, BofA Sets Street High Price Target
Nvidia stock price hit a new all-time high after the Ampere gaming event where the company announced that its mainstream RTX 3080 and 3070 cards are priced at $699 and $499, respectively. The pricing of both cards is $100 cheaper compared to the speculated $799/$599 pricing before the event.
European Stocks Rebound After Four Straight Daily Losses
European stocks rebounded on Wednesday as economic data suggests that the global economy will grow at a better pace than previous expectations. However, the sharp rally in the European currency along with the strengthening British Pound has created pressure on European stock markets.
Apple Stock Extend Gains Amid String of Bullish Indicators
Apple stock price soared sharply in the past couple of weeks as market pundits have presented a bullish outlook of the largest tech company. The recent stock split along with price target hikes helped in accelerating the upside momentum.
European Stocks Under Pressure Amid Monetary Policy
European stock markets have been under pressure since US Federal Reserve announced to keep interest rates in zero range, with the strategy of increasing inflation and improving the employment level.
AMD Stock Will Extend Upside Momentum, Analysts Say
AMD stock price rallied close to 23% this month alone, accelerating the six months gains to above 80% as the market analysts have been showing confidence in new product launches and revenue growth potential. Higher price targets from major rating firms added to investor’s sentiments.
Broadcom Stock has More Upside, Analysts Say
Broadcom stock price gained some momentum in the past couple of weeks amid stronger than expected second-quarter results. The rosy outlook for the third quarter added to investors sentiments as the company expects a massive increase in demand from telecom, cloud, and enterprise customers.
European Stock Market Under Pressure as Fed’s Powell Guides Higher Inflation
European stock markets closed lower on Thursday and extended the bearish trend on Friday as Federal Reserve Chairman Jerome Powell said historic policy shift would move inflation rate higher in the days to come.
Netflix Stock is Close to Fresh Record on Subscriber Growth
Netflix stock price has gained fresh upside momentum in the past couple of days as analysts see substantial subscriber growth in the coming days. The latest Piper Sandler survey indicated that subscribers are intended to keep subscriptions of the streaming giant even if the COVID-19 spread ends.
European Stock Markets are Shining On Improving Sentiments
European stock market futures are in green on Thursday after rallying sharply on Wednesday. The trader’s sentiments are optimized by several factors, including positive economic data, coronavirus relief package, and vaccine hopes.
Splunk Stock Price Slid from All-time High Amid Revenue Miss
Splunk stock price plunged sharply in post marker trading as the company missed second-quarter consensus revenue estimate for and dropped significantly from the year-ago period. The company has also slashed its full-year revenue outlook due to strong market competition and pandemic related business disruptions.
US Dollar Lingers Above 93 Level, Gold Fail to Extend Bullish Moves
The US dollar index stayed above 93 levels as economic and market data has been supporting the reserve currency against the basket of major currencies. The resumption of trade talks and improving consumer price index and manufacturing data helped in enhancing trader’s sentiments on a reserve currency.